BSE rises, rupee fallsBusiness News

May 10, 2013 19:16
BSE rises, rupee falls

Earlier today in the stock markets, the BSE benchmark, Sensex rebbounded with better trade while gaining a few points. Increase in the purchases of consumer durable, auto, IT, banking and power sectors triggered by higher Asian cues and sustained foreign capital inflows were responsible for betterment of the Sensex. The initially lowered benchmarck stooped to 19,911.08 and then went higher just over the 20,000 points mark, a gain of 61.25 points or 0.31 per cent from its last close.

NSE also followed in the same footsteps with a moderate gain 17.45 points, or 0.29 per cent, quoting 6,067.60 at 1030 hrs, still above the 6k mark.

Indian currency on the other had had to witness a fall, taking it back to the level before three days, registering at 54.65. It was only because of the dollar which managed to scale new heights today. It for the first time in three years crossed the mark of 100yen level.

Due to the weaker global cues, the bullion market was slightly down today. At the Multi Commodity Exchange, gold for delivery in far-month August contracts traded Rs 134, or 0.49 per cent, down at Rs 27,288 per ten gram in 1,572 lots.

Likewise, the metal for delivery in June shed Rs 100, or 0.37 per cent, to Rs 27,066 per ten gram, in a business turnover of 175 lots.


(AW- Anil)

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